You expert that Bean Enterprises will have earnings per share of $2 for the coming year. Bean plans to retain all of its earning for the next three years. For the subsequent two years, the firm plans on retaining 50% of it earnings. it will then retain only 25% of its earnings from that point forward. Retained earnings will be invested in projects with an expected return of 20% per year. if Bean's equity cost of capital is 12% then the price of a shear of Bean's stock is closest to